NIFTY Options trade : Why and what-if...

[linkon7]

exited the 5200 call leg at 12...!

bot 5100 call at 32...!

now it is again delta neutral...!

cost of 5100 straddle =

42 - 12 = 34 -1 (brokerage) + 32 = 67

cmp of 5100 straddle = 62...!

exited the 5100 put leg at 11...!

exited the call leg at 66...!

not bad...!

 

[linkon7]

bot 5300 call and 5200 put Nov for a total of 194...!

logic..! either this is the beginning of a new bull cycle head for 5500 or the we head back to 4900 in quick time post diwali...!

 

[linkon7]

bot 5300 call and 5200 put Nov for a total of 194...!

logic..! either this is the beginning of a new bull cycle head for 5500 or the we head back to 4900 in quick time post diwali...!

EXITED the pair at 212...!

expected money to come from down move... so kept delta mildly bearish, but the 5233-5333 gap that everyone expected to ride, got filled with a gap...! Upside i dont have a visible target, so exited position and need to re-asses the scenario before taking further positions...!

 

[linkon7]

shorted 5200 put NOV @ 57.50

sl at 62.50

tgt 42.50

logic : expecting the gap to act as support now...!

 

[linkon7]

shorted 5200 put NOV @ 57.50

sl at 62.50

tgt 42.50

logic : expecting the gap to act as support now...!

added the second leg to this equation...!

shorted 5500 call at 50...!

now pair cost me 107.50 (57.50 + 50 )

 

[linkon7]

added the second leg to this equation...!

shorted 5500 call at 50...!

now pair cost me 107.50 (57.50 + 50 )

pair now at 101...!

 

[linkon7]

bot 5200 put and 5400 call for total of 108...!

sl at 90
tgt : 145

 

[linkon7]

bot 5200 put and 5400 call for total of 108...!

sl at 90
tgt : 145

added a 3rd leg to the equation...

shorted 5100 put at 50...

 

[linkon7]

moved the thread here...! since some members cant post there...! hope it helps...!

 

[linkon7]

added a 3rd leg to the equation...

shorted 5100 put at 50...

now i have 3 legs...!

5200 put long + 5100 put short : treat this leg as a spread...!

5400 call long : will treat this as a standalone trade...! will act as a hedge for the 5200-5100 put spread...!

either we break 5170 now or we retrace back above 5300+ for a tgt of 5480...!